Executive gets jail for theft of CZK

A former executive at Galileo Real, a daughter company of the Czech Consolidation Agency, has been found guilty of embezzling CZK 500 million (UDS 23.7 million) from its accounts in 2005. A court in Prague sentenced Jan Šik to five and a half years in jail on Tuesday. An accomplice, Miloš Skořep, was found guilty of using the money for his own activities and got eight and a half years. Mr Skořep was tried in absentia; he was arrested in the United Arab Emirates last year before later being released on bail. Both men have also been ordered to return nearly CZK 100 million.